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Jobs surge in Donald Trump’s first month

New jobs surged in February, with employers hiring about 298,000 workers, beating economists’ expectations by nearly one-third.

The report from the payroll firm ADP on Wednesday provided the first data on President Trump’s first full month in office. The government’s report on the jobless rate for February is due on Friday.

“February proved to be an incredibly strong month for employment with increases we have not seen in years,” said ADP Research Institute Vice President Ahu Yildirmaz in a statement.

Mr. Trump said on Twitter that the number of new jobs added was “much more than expected!” He also cited a LinkedIn report that showed strong job growth in January and February, calling those months “the strongest consecutive months for hiring since August and September 2015.”

The president said Tuesday that he’s preparing “massive” tax cuts for businesses and individuals. Employers also are expressing encouragement about the president’s efforts to cut red tape.


Source: www.washingtontimes.com stories: Politics

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